Tractor Supply Company and Orscheln Farm and Home Receive Second Request from FTC Under HSR Act
Tractor Supply Company (NASDAQ: TSCO) announced it and Orscheln Farm and Home received a "Second Request" from the FTC regarding their pending acquisition. This request extends the waiting period under the Hart-Scott-Rodino Act until 30 days after compliance. Both companies are cooperating with the FTC in the review process. Tractor Supply, with a focus on the rural lifestyle market, operates 1,923 stores and an e-commerce platform, along with its subsidiary Petsense.
- Tractor Supply's acquisition of Orscheln Farm and Home indicates growth potential in the rural lifestyle retail sector.
- The company's strong operational footprint with 1,923 stores supports its market presence.
- The FTC's 'Second Request' may delay the acquisition process, impacting strategic planning.
- Extended regulatory scrutiny could introduce uncertainty in future business operations.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced that it and Orscheln Farm and Home have each received a request for additional information and documentary materials ("Second Request") from the Federal Trade Commission (“FTC”) in connection with Tractor Supply’s pending acquisition of Orscheln Farm and Home.
The Second Request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act). The effect of the Second Request is to extend the applicable waiting period relating to the pending acquisition until 30 days after Tractor Supply and Orscheln Farm and Home have complied with the Second Request, unless the waiting period is terminated earlier by the FTC or voluntarily extended by Tractor Supply and Orscheln Farm and Home. Tractor Supply and Orscheln Farm and Home continue to cooperate fully with the FTC in its review of the pending acquisition.
About Tractor Supply Company
Tractor Supply Company (the “Company”) (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, targeting the needs of recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service for the Out Here lifestyle. With more than 42,000 Team Members, the Company’s physical store assets, combined with its digital capabilities, offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At December 26, 2020, the Company operated 1,923 Tractor Supply stores in 49 states and an e-commerce website at www.TractorSupply.com.
Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At December 26, 2020, the Company operated 182 Petsense stores in 25 states. For more information on Petsense, visit www.Petsense.com.
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